Ukraine and China are discussing the possibility of creating a special agrarian fund to intensify cooperation in agriculture, according to a press release of the National Bank of Ukraine (NBU).

The agreement was achieved during the visit of the Ukrainian mission headed by NBU First Deputy Chairman Yuriy Kolobov to China on Nov. 6-9, 2011.

After talks, the sides signed a memorandum on the implementation of a joint project in agriculture between the State Food and Grain Corporation of Ukraine and the China National General Machinery Engineering Corporation.

It is planned to develop the project under the financing of Ukreximbank and the Export-Import Bank of China.

The delegation included Ukreximbank Board Chairman Mykola Udovychenko, Deputy Head of Kyiv City State Administration Ruslan Kramarenko and Head of the State Food and Grain Corporation of Ukraine Ihor Fylypenko.